Economic Development Specialists in the United States pull down an average of $48K annually. Men working as Economic Development Specialists who took the survey just slightly outnumber women at 52 percent. Job satisfaction is high and work is enjoyable for most Economic Development Specialists. Nearly all report receiving medical coverage from their employers and a strong majority collect dental insurance. Participants in PayScale's salary questionnaire provided the particulars of this report.

$31,331 - $69,226
$31K
$48K
$69K
MEDIAN: $47,580
10%
50%
90%

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$16.54 - $40.45
$17
$20
$40
MEDIAN: $19.85
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Salary
$31,331 - $69,226  
   
Bonus
$0.00 - $2,970  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,273 - $69,442  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 88
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$16.54 - $40.45  
   
Overtime
$23.70  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$0.00 - $2,970  
   
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,273 - $69,442  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 18

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Economic Development Specialist

  • Help individuals and companies achieve financial stability, business and economic growth, and other related economic opportunity goals.
  • Reach out to potential clients and track and report on their outcomes.
  • Develop strong knowledge of different resources that will help clients, such as various educational agencies; employment, health, and counseling services; and rules and regulations for community development projects.

Economic Development Specialist Job Listings

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Pay by Experience Level for Economic Development Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Workers with less than five years' experience earn around $46K on average, and those who have five to 10 years under their belts see a higher median salary of $50K. Economic Development Specialists see a median salary of $42K after reaching one to two decades on the job. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $71K on average.

Economic Development Specialist Advice

Q: What is it like working as an Economic Development Specialist?

Economic Development Specialist in Rome:
"Think Long Term."
Always surround yourself with good leaders.

Related Job Salaries

Key Stats for Economic Development Specialist

Gender

Female
48 %
Male
52 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.
060
Less than 1 year
6%
1-4 years
60%
5-9 years
18%
10-19 years
8%
20 years or more
8%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Economic Development Specialist Salaries

Late-Career
up arrow 52%

Mid-Career
up arrow 6%

National Average
$47,000

Entry-Level
up arrow 2%

Experienced
up arrow 11%

Skills That Affect Economic Development Specialist Salaries

Government Grants
up arrow 13%

Business Development
up arrow 4%

National Average
$47,000

Project Management
up arrow 1%

Grant Writing
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.

Gender

Female
48 %
Male
52 %

Years of Experience

Less than 1 year
6%
1-4 years
60%
5-9 years
18%
10-19 years
8%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 76%
vision benefits
Vision: 61%
dental benefits
None: 6%
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